Selling Investment Property to Father ahead of Divorce.

Mickey666

AskAsk said:

i am afraid you are stuffed.  no way out.  this is the problem with marriage and divorce.

Fixed

AskAsk

Mickey666 said:

AskAsk said:

i am afraid you are stuffed.  no way out.  this is the problem with marriage and divorce.

Fixed

i have become disillusioned with marriage and believe it is the cause of all the problems.  divorce is not actually the problem, but marriage is the source of the problem!  if we didn't get married and just lived together, we wouldn't have this headache of asset split when it comes to moving on.

i find it extraordinary that it is so easy to get married but so difficult to get divorced.  making a decision to leave the marriage is not entirely up to you but what the courts decide.

WickedWitch123

As others have said, anything you do will stink of you trying to get out of dividing your joint assets and i'm not sure why you would want to do that to the mother of your child.  Go see a solicitor and try to resolve this amicably or through mediation if you have to but sort it fairly.

groovy_chick

"She has not contributed a penny. I know she will be entitled to something from the divorce however it would nice to safeguard this property as it’s everything i have worked for."

OP - some might say that bringing up a child is work and that you only managed to earn the money to buy this property because your wife was looking after your child????

Charlie1985

Thanks everyone again for your input. Just to clarify I purchased the property well before we had our child. 

Can someone clarify what a financial settlement document is? Does it need a solicitor? We are trying to keep our costs as low as possible.

Savvy_Sue

You're certainly going to need mediation: that's cheaper than a solicitor, and if you can take an agreement to a solicitor that will certainly be cheaper than letting the solicitors slug it out from scratch. 

elsien

I’m struggling to see how selling the property and gifting the money to niece/nephew is safeguarding it.
 Smacks instead of doing everything possible  to prevent her getting any share, with no other reason behind the decision.

74jax

How long have you been married? 
So you have been together 8 years, then got married and moved in with your parents. 
Had a child 2 years ago and then used different bedrooms at your parents. Is this right? 
When did the buying of the investment property happen? When you were married or dating?

Also your previous threads are a little confusing. Only last week you were looking at buying a new car with your wife, but as she could possibly lose her job you were asking advice on the repayment as you didn't know to go ahead or not due to losing a salary. This to me reads as though she does contribute?
And in 2016 you mention a property your dad name and the option of you and your wife buying it with your joint income.  Again it reads as though she does contribute? 

Aranyani

Charlie1985 said:

Thanks everyone again for your input. Just to clarify I purchased the property well before we had our child. 

Can someone clarify what a financial settlement document is? Does it need a solicitor? We are trying to keep our costs as low as possible.

Well before?  You say you purchased it 3 years ago and the child is 2...

Emmia

Charlie1985 said:

Thanks everyone again for your input. Just to clarify I purchased the property well before we had our child. 

Can someone clarify what a financial settlement document is? Does it need a solicitor? We are trying to keep our costs as low as possible.

Cynically, are you (at least partly) trying to "keep it cheap" so she doesn't get much legal advice on the things/money which she may be entitled to?

There's information on financial settlements on gov.uk which you both may want to read. 
https://www.gov.uk/money-property-when-relationship-ends